How the NDIS will blow out to $50b (in four charts)
From a limited rollout in July 2013, the National Disability Insurance Scheme has experienced rapid growth and now counts more than 530,000 participants.
The National Disability Insurance Scheme, which just 10 years ago existed in name only, is now Australia’s second most expensive social program after the aged pension.
At an annual running cost of $35.8 billion in 2022-23, the federal government will spend more on the NDIS this financial year than Medicare ($30.8 billion), aged care ($27.7 billion), and support for state government hospitals ($27.3 billion).
Michael ReadEconomics correspondentMichael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
